The Federal Reserve Bank of Dallas established the Globalization Institute in 2007 for the purpose of better understanding how the process of deepening economic integration between the countries of the world, or globalization, alters the environment in which U.S. monetary policy decisions are made.

Hackett Appointed to
Dallas Fed Board

DALLAS—The Federal Reserve
Board of Governors has appointed James T. Hackett of
Houston to the Federal Reserve Bank of Dallas board
of directors. He will serve a three-year term ending
Dec. 31, 2008.

He previously served on the Dallas
Fed’s Houston Branch board.

Hackett is chairman, president
and CEO of Andarko Petroleum Corporation of Houston.

Before joining Anadarko, Hackett
was president and chief operating officer of Devon Energy
Corp. following its merger with Ocean Energy, where
he had served as chairman, president and CEO. Ocean
Energy was a product of a merger in 1999 with Seagull
Energy Corp., where Hackett also was chairman, president
and CEO.

Additionally, Hackett is former
chairman of the Domestic Petroleum Council, an executive
committee member of the American Petroleum Institute
and a member of the Society of Petroleum Engineers.
He is a director Temple-Inland Inc. and Fluor Corp.
He also serves as a board member of Baylor College of
Medicine and the National Humanities Center.

He holds a bachelor of science
degree from the University of Illinois and a master
of business administration degree from Harvard University.

Each Federal Reserve Bank has
a nine-member board of directors. Three members represent
commercial banks, three represent the public and three
are appointed by the Board of Governors in Washington,
D.C.